7 U.S.C. § 925
Section 925 · Loan feasibility
Amended 4 times on record
Applied in 1 court decisions — leading case Cox v. United States Department of Agriculture (1991)
Most recently applied in Cox v. United States Department of Agriculture (February 1991)
The Secretary may not, as a condition of making a telephone loan to an applicant therefor, require the applicant to—
(1) increase the rates charged to the applicant's customers or subscribers; or
(2) increase the applicant's ratio of—
(A) net income or margins before interest; to
(B) the interest requirements on all of the applicant's outstanding and proposed loans.
Editorial notes U.S. Code · Office of the Law Revision Counsel
Amendments
2018—Pub. L. 115–334 struck out "and the Governor of the telephone bank" after "The Secretary" in introductory provisions.
1994—Pub. L. 103–354 substituted "Secretary" for "Administrator".